Presidency of the
Council of Ministers
IDAL participated at the fourth edition of the Lebanese Diaspora Energy (LDE) conference organized by the Ministry of Foreign Affairs and Emigrants. During his intervention, IDAL`s Chairman Eng. Nabil Itani declared that Lebanon still enjoys many competitive advantages which contribute in maintaining an attractive investment climate. He called the expatriates to invest in Lebanon and benefit from its advantages and opportunities, strengthen Lebanon's foreign trade, take advantage of the potential and services provided by Lebanese institutions and forge real productive partnerships between foreign and Lebanese institutions.
During the 25th Arab Economic Forum, the Al-Iktissad Wal-Aamal Group honored the Investment Development Authority of Lebanon as a permanent partner in the forum. IDAL`s Chairman Eng. Nabil Itani said that this honoring is a tribute to IDAL for the efforts exerted to carry on its tasks, in terms of promoting Lebanon as a viable investment destination in the region, and supporting the productive sectors through the promotion of their exports.
The Chairman of IDAL, Eng. Nabil Itani discussed with the Ambassador of Rwanda to Lebanon, Williams Nkurunziza, the enhancement of bilateral relations. He stressed the need to take joint steps between IDAL and the Investment Promotion Agency in Rwanda, such as the organization of bilateral economic workshops in order to explore opportunities of cooperation and promote and facilitate investments between the two countries. He called for opening the Rwandan market to Lebanese products and establishing business partnerships. Ambassador Nkurunziza stressed the necessity of benefitting from Lebanese expertise in many fields, especially industry and agriculture (apples and grapes). He said that Lebanon is bursting with opportunities that can be exploited to develop Libano - Rwandan relations.
In the framework of supporting the promotion and the marketing of Lebanese agrofood industries, the Chairman of IDAL Eng. Nabil Itani, delivered a check of the approved amount covering IDAL contribution at Gulfood to the President of the Syndicate of the Lebanese Food Industrialists (SLFI) Mr. Ahmed Hoteit. Eng. Itani said that this sector is very promising and must be provided with means of support, in order to help in the promotion of its production abroad and access new markets. He noted that this sector boosts many advantages that helped in achieving a quantum leap, constituting 2.6% of the GDP. Hoteit explained that the support allows the participation in the exhibitions under a unified Lebanese pavilion in order to market the production of each company as well as promoting the name of Lebanon as a leading producer.